Sensex, Nifty surge in early trading after India and US trade deal

The domestic equity benchmark indices Sensex and Nifty surged in the early trading session today after India and the US agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent. The 30-share BSE Sensex jumped 3,657 points to 85,323 in opening trade. The 50-share NSE Nifty surged 1,220 points to 26,308 in the opening trade today.
Later, both the benchmark indices further extended their winning momentum. The BSE benchmark zoomed 4,205 points or 5.14 per cent to 85,872. The Nifty jumped 1,253 points or 4.99 per cent to 26,341. In Asian markets, South Korea’s Kospi rebounded and jumped 5 per cent. Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index were also trading higher